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re: What’s the best place to put $2,000?
Posted on 1/25/19 at 9:41 pm to Undertow
Posted on 1/25/19 at 9:41 pm to Undertow
Like the other posters have suggested, if this $2,000 is all you have available for emergencies (i.e. money to cover 3~6 months of your normal monthly expenses should you be suddenly out of work), find a bank (online or local credit union) offering 2% interest savings account.
Some online banks offer 2% and my credit union gives 2% on my balance if I make sufficient number of debit card transactions, deposits, etc. Regardless where you put it, just keep it liquid and accessible. And no need to buy a CD since the interet rates aren’t much higher than 2% and your money will be inaccessible for months/years.
Some online banks offer 2% and my credit union gives 2% on my balance if I make sufficient number of debit card transactions, deposits, etc. Regardless where you put it, just keep it liquid and accessible. And no need to buy a CD since the interet rates aren’t much higher than 2% and your money will be inaccessible for months/years.
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